Current Mortgage Rates for First-Time Homebuyers in 2026
30-year fixed rates now range from 6.4%–7.1%, with FHA loans averaging 6.2%. Here's how today's rates affect what first-time buyers can actually afford.
Tag fixed-rate mortgage
15-Year vs 30-Year Mortgage: Breaking Down the Real Cost Difference
On a $300,000 home, a 15-year mortgage saves $100,000–$150,000 in interest—but monthly payments run 40–50% higher. Here's how to weigh the real trade-off.
Should You Refinance Into a 15-Year Mortgage When Rates Drop Below a Certain Threshold?
Refinancing into a 15-year mortgage makes sense when rates drop 0.75–1% below your current rate and you'll stay 2–4 years to recover closing costs.
Fixed Rate vs Adjustable Rate: The Break-Even Math Most Homebuyers Never Do
Learn about fixed vs adjustable rate mortgage. Discover the break-even math most homebuyers skip to decide which loan saves you more money long-term.
ARM vs Fixed Mortgage: Which Makes More Sense When Rates Are Falling?
A 5/1 ARM runs 0.5–0.75% below a 30-year fixed rate right now—enough to save thousands if you sell or refi within 5–7 years. Here's how to choose.
Should Landlords Lock a Fixed Rate or Ride the Variable Market on a Rental Refinance?
Variable rates run 0.50–0.75% below fixed right now—but that gap may close fast. Here's how hold period and cash flow should drive your rental refinance choice.